you mean net operating income only 13k? seems low....

few numbers you need to plug in...




Total Gross Income

Vacancy
Vacancy Rate @

Operating Expenses
Fixed
Property taxes
Insurance

Variable
Property management
Maintenance
Legal Fees
Accounting fees
Advertising
Administrative expenses
Extermination
Landscaping
Trash Removal
Pool/ Recreational area maintenance
Utilities
- Sewer
- Gas (propane, oil, natural)
- Water
- Phone
- Cable
- Electric

Total Expenses

Net Operating Income

Mortgage
- First Mortgage 70%
- Second Mortgage

Profit or Lost

Reserve for Replacements
- Roof
- Siding
- HVAC units
- Water heaters
- Appliances
- Paint
- Windows & Doors
- Electrical system
- Non-carpet flooring
- Parking lot

Total Reserve

Net Proit or Lost

Ratios
Debt Coverage Ratio
Cap Rate
Cash on Cash Return
Break Even Point On Units